Exercise 14-14 (Algo) Monthly installment note amortization table LO C1 On January 1, $42,000 cash is borrowed from a bank in return for a 10% installment note with 36 monthly payments of $1,355 each. (1) Prepare an amortization table for the first three months of this installment note. (2) Record the entry for issuance of the note. (3) Record the entry for the first interest payment and for the second interest payment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an amortization table for the first three months of this installment note. (Round your answers to the nearest whole dollar.) Period Ending Date (A) Beginning Balance Payments (B) Debit Interest (C) Debit Notes Expense Payable (D) Credit Cash (E) Ending Balance January 31 February 28 March 31 Required 1 Required 2 > Exercise 14-14 (Algo) Monthly installment note amortization table LO C1 On January 1, $42,000 cash is borrowed from a bank in return for a 10% installment note with 36 monthly payments of $1,355 each. (1) Prepare an amortization table for the first three months of this installment note. (2) Record the entry for issuance of the note. (3) Record the entry for the first interest payment and for the second interest payment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the entry for issuance of the note. View transaction list Journal entry worksheet 1 > Record the entry for issuance of the note. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general journal Exercise 14-14 (Algo) Monthly installment note amortization table LO C1 On January 1, $42,000 cash is borrowed from a bank in return for a 10% installment note with 36 monthly payments of $1,355 each. (1) Prepare an amortization table for the first three months of this installment note. (2) Record the entry for issuance of the note. (3) Record the entry for the first interest payment and for the second interest payment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the entry for the first interest payment and for the second interest payment. (Round your answers to the nearest whole dol View transaction list Journal entry worksheet Record the first installment payment. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal